WELD COMMUNITY CREDIT UNION

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1936

Legal Domicile

Principal Officer

DAVID L BROWN

Phone

9703309728

Tax Period

2024-01-01 to 2024-12-31

WELD COMMUNITY CREDIT UNION, founded in 1936, is a community nonprofit that reported $5.8M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.2M, a strong 21% operating margin.

Mission

STATE CHARTERED CREDIT UNION

Program Service Accomplishments

Program 1

WELD SCHOOLS CREDIT UNION OFFERS ITS MEMBERS LOANS OF ALL TYPES AT COMPETITIVE RATES

Program 2

WELD SCHOOLS CREDIT UNION OFFERS ITS MEMBERS SHARE AND DEPOSIT PRODUCTS OF ALL TYPES

Program 3

WELD SCHOOLS CREDIT UNION OFFERS ITS MEMBERS IRA PRODUCTS AT COMPETITIVE RATES

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $4,725,583

Investment Income $1,061,502

Other Revenue $0

TOTAL REVENUE $5,787,085

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,984,197

Fundraising Expenses $0

Other Expenses $2,615,681

TOTAL EXPENSES $4,599,878

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,787,085	$5,083,512	+0.1%
Expenses	$4,599,878	$3,964,680	+0.2%
Net Income	$1,187,207	$1,118,832	+0.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$371,171

Total Directors

Key Employees

$133,483

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JERRY CLARK	CHAIR	1.00	Officer Director	$0	$0	$0
WILLIAM PARRISH	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JOAN LIND	TREASURER	1.00	Officer Director	$0	$0	$0
BEN RAINBOLT	SECRETARY	1.00	Officer Director	$0	$0	$0
SCOTT INLOES	DIRECTOR	1.00	Director	$0	$0	$0
JOCELYN ALDRIDGE	DIRECTOR	1.00	Director	$0	$0	$0
PATRICIA PETRAGLIA	DIRECTOR	1.00	Director	$0	$0	$0
DAVID BROWN	CEO	40.00	Officer Highest	$214,692	$22,996	$237,688
DEBBIE NIXON	COO	40.00	Officer Key Emp	$133,483	$0	$133,483

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	No data	No data	No data	No data
2024	$5,787,085	$4,599,878	$107,921,591	$1,187,207
2023	$5,083,512	$3,964,680	$108,218,187	$1,118,832
2022	$3,820,635	$3,621,778	$114,282,720	$198,857
2021	$3,212,428	$2,834,083	$105,453,476	$378,345
2020	$3,250,905	$3,032,238	$94,402,290	$218,667
2019	$3,459,390	$2,642,863	$79,575,148	$816,527
2018	$3,098,525	$2,439,707	$78,819,757	$658,818